pftq.com
Welcome! Please Login or Register!
December 10, 2024, 06:00:23 AM
Home Login Register
pftq Forums  |  Stocks and Investing  |  General Stock and Investing Discussion  |  Stocks Daily Discussion 0 Members and 1 Guest are viewing this topic. « previous next »
Latest News!Lunar Trigger(Aug 27, 2023)
Pages: 1 ... 49 50 [51] 52 53 ... 61 Print
Author Topic: Stocks Daily Discussion  (Read 196910 times)
ItsMeexD
Member
*****
Offline Offline



Posts: 85

« Reply #750 on: November 12, 2012, 03:59:42 PM »

best oversold RSI 2 play for tomorrow: XLU. basically 8 consecutive days red. RSI 2 reading is 0.50.next in line is INTC, will be definitely scoping this tomorrow also.
XLU
INTC
« Last Edit: November 13, 2012, 12:08:49 AM by pftq » Logged
pftq
Administrator
*****
Offline Offline



Posts: 4204

WWW
« Reply #751 on: November 12, 2012, 04:35:14 PM »

Gotta run it through Tech Trader.  Both are flagged as sell-offs and not valid for RSI2 plays (it might still bounce but not due to RSI2).
I would look for overbought bounces to short instead in these market conditions.
Logged
wd1040
Member
*****
Offline Offline

Posts: 103

« Reply #752 on: November 14, 2012, 07:50:40 AM »

An hour in, we're sitting at a pretty LT resistance... already a new intraday low so momentum better carry through the rest of the day.

It's almost 8... does it mean I can quietly eat breakfast now? Tongue

Logged
pftq
Administrator
*****
Offline Offline



Posts: 4204

WWW
« Reply #753 on: November 14, 2012, 10:08:58 AM »

Lots of new lower trendline breaks following new lows on SPY.
Watch the close to make sure the signals hold though.
Unfortunately too busy with midterms here to trade them.




Logged
ItsMeexD
Member
*****
Offline Offline



Posts: 85

« Reply #754 on: November 14, 2012, 10:28:24 AM »

FB continues its monster day
FB
Logged
pftq
Administrator
*****
Offline Offline



Posts: 4204

WWW
« Reply #755 on: November 14, 2012, 10:37:10 AM »

Shares are about to be unlocked though no?

Logged
wd1040
Member
*****
Offline Offline

Posts: 103

« Reply #756 on: November 14, 2012, 12:11:33 PM »

Which trading styles are you using? PFTQ's? SPX is weak on my charts and I'm going to start shorting it.

By the way, would anyone be against a short natural gas trade via options? There's an excellent reversal signal, but idk if it's going to be too costly, too illiquid, etc etc..
Logged
pftq
Administrator
*****
Offline Offline



Posts: 4204

WWW
« Reply #757 on: November 14, 2012, 12:15:08 PM »

UNG options are very cheap and liquid if you want to trade those. But sure about the top though.

Logged
pftq
Administrator
*****
Offline Offline



Posts: 4204

WWW
« Reply #758 on: November 14, 2012, 12:16:47 PM »

*not sure

Logged
wd1040
Member
*****
Offline Offline

Posts: 103

« Reply #759 on: November 14, 2012, 01:27:53 PM »

lol wow we bled 1.4% again today... Going short on UNG tomorrow morning on hammer, possibly an evening star. Will post chart after I get home...
Logged
ItsMeexD
Member
*****
Offline Offline



Posts: 85

« Reply #760 on: November 14, 2012, 01:49:28 PM »

hey guys we are officially oversold.
$NYMO McClellan Oscillator = -304.69.
-250 or below means oversold
remember oversold can get more oversold. does NOT mean to buy now, only means not to start NEW shorts. keep current shorts and trail

http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&yr=2&mn=6&dy=0&id=p34453408654&a=260035163
Logged
wd1040
Member
*****
Offline Offline

Posts: 103

« Reply #761 on: November 14, 2012, 02:06:14 PM »

Post a pic of your charts... let me just see...

Yeah, the breakdown is in motion. On a LT chart, SPX target is at 1346 before confluence of 2 fibs. And oversold RSI.

Let's look for a reversal signal... but do remember that equities have been uncorrelated with anything else for the past month or so. I'm going to see if HA flattens out with Friday's assumed holiday rally start... looking for that dead and blue HA candle.

* spx1d11142012.png (98.74 KB - downloaded 71 times.)
Logged
pftq
Administrator
*****
Offline Offline



Posts: 4204

WWW
« Reply #762 on: November 14, 2012, 02:10:22 PM »

Remember holiday rally is just a statistic and 80% hitrate. Doesn't have to happen. Should only consider it if other indicators confirm it.

Logged
wd1040
Member
*****
Offline Offline

Posts: 103

« Reply #763 on: November 14, 2012, 02:12:48 PM »

hmm... so in the long run (months) we are still net bearish... selling rallies?
Logged
wd1040
Member
*****
Offline Offline

Posts: 103

« Reply #764 on: November 14, 2012, 02:15:00 PM »

This is for nat gas, playing candlesticks patterns only. Don't expected a sustained drop, just a break lower for tomorrow.  ach we don't have enough cash... anyone want to put in their opinion?

Logged
Pages: 1 ... 49 50 [51] 52 53 ... 61 Print 
pftq Forums  |  Stocks and Investing  |  General Stock and Investing Discussion  |  Stocks Daily Discussion « previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2006-2007, Simple Machines | RSS Feed Valid XHTML 1.0! Valid CSS!
Page created in 0.198 seconds with 21 queries.